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Monthly Profit - Daily Trading using SMA

  • #12,361
  • Aug 16, 2024 4:20am Aug 16, 2024 4:20am
Important test for JPY pairs.
All are at or just below the Bollinger middle band with RSI below the 50 threshold.
After a sharp rally it would be a good idea to take part of the profits because any risk aversion linked for instance to major geopolitical events, could spark and trigger a renewed buying interest for JPY.
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I used to be indecisive but now I'm not so sure...
  • #12,362
  • Aug 22, 2024 1:37am Aug 22, 2024 1:37am
Something cooking on EURCHF.
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I used to be indecisive but now I'm not so sure...
  • #12,363
  • Aug 24, 2024 4:58am Aug 24, 2024 4:58am
Hello all.

the latest moves have been very nice. Those who traded 5sma must have made good pips?
  • #12,364
  • Sep 1, 2024 8:57am Sep 1, 2024 8:57am
Quoting Filipo1
Important test for JPY pairs. All are at or just below the Bollinger middle band with RSI below the 50 threshold. After a sharp rally it would be a good idea to take part of the profits because any risk aversion linked for instance to major geopolitical events, could spark and trigger a renewed buying interest for JPY. {image} {image} {image} {image} {image} {image} {image}
It looks the uptrend is about to resume.
I personally will rely on the RSI crossing over the 50 line to enter long. At the moment CHFJPY and NZDJPY qualify but AUDJPY and GBPJPY look very promising.
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I used to be indecisive but now I'm not so sure...
  • #12,365
  • Oct 17, 2024 3:01am Oct 17, 2024 3:01am
This thread is still Active?
I just read about first 40 pages, and do some demo test:
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  • #12,366
  • Oct 17, 2024 3:04am Oct 17, 2024 3:04am
After lost a lot money in forex, I just start BUILD my confidence again
  • #12,367
  • Oct 18, 2024 5:41am Oct 18, 2024 5:41am
Good morning everyone. I need an answer as I can't understand something. I have carefully read the rules of this system, when the sma 5 takes the right path, I open the position at the beginning of the new daily candle or wait for confirmations. Thank you and sorry for my question
  • #12,368
  • Edited 3:56am Oct 25, 2024 3:35am | Edited 3:56am
Quoting modero
Good morning everyone. I need an answer as I can't understand something. I have carefully read the rules of this system, when the sma 5 takes the right path, I open the position at the beginning of the new daily candle or wait for confirmations. Thank you and sorry for my question
Hi modero,
You can enter when the sma5,0 is pointing up/down after the close of the former daily candlestick, not due to currently running price action.
Hope this helps.
All the best.

P.S. Yesterday EURGBP was already sending a setup signal due to the large bullish engulfing candlestick of Oct.23 as shown below.
Today we got a better setup with GBPAUD after yesterday’s close.
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I used to be indecisive but now I'm not so sure...
  • #12,369
  • Oct 28, 2024 5:18am Oct 28, 2024 5:18am
Daily Trading with SMA: A Simple Yet Effective Strategy

Simple Moving Averages (SMA) are a great tool for daily trading. The 50-day and 200-day SMAs can help identify trends and potential entry/exit points. When a shorter SMA crosses above a longer one, it's often a buy signal, and vice versa. Keep it simple—combine SMA with other indicators for better accuracy. What’s your experience with SMA in daily trading? Let’s discuss!
  • #12,370
  • Oct 28, 2024 10:58am Oct 28, 2024 10:58am
Whats the MA setting ?
  • #12,371
  • Oct 28, 2024 4:04pm Oct 28, 2024 4:04pm
Quoting inOSBot
What's the MA setting ?
Not sure who you are asking, this thread, the title is about SMA = Simple Moving Average

https://www.forexfactory.com/thread/...ding-using-sma

It takes a lot for me to IGNORE you, but you can try.
  • #12,372
  • Oct 29, 2024 9:14am Oct 29, 2024 9:14am
Quoting Filipo1
{quote} Hi modero, You can enter when the sma5,0 is pointing up/down after the close of the former daily candlestick, not due to currently running price action. Hope this helps. All the best. P.S. Yesterday EURGBP was already sending a setup signal due to the large bullish engulfing candlestick of Oct.23 as shown below. Today we got a better setup with GBPAUD after yesterday’s close. {image} {image}

Close to 200 pips in profit on GBPAUD at the moment.
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I used to be indecisive but now I'm not so sure...
  • #12,373
  • Oct 29, 2024 9:15am Oct 29, 2024 9:15am
Quoting inOSBot
Whats the MA setting ?
Hi inOSBot,
Please refer to post #1. SMA5,0.

All the best.
I used to be indecisive but now I'm not so sure...
  • #12,374
  • Nov 8, 2024 2:26am Nov 8, 2024 2:26am
Last entry on Gold:
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I used to be indecisive but now I'm not so sure...
  • #12,375
  • Nov 8, 2024 4:05am Nov 8, 2024 4:05am
Quoting Filipo1
Last entry on Gold: {image}
Do u use this system still with sucess? Cheers
  • #12,376
  • Edited 4:23am Nov 8, 2024 4:09am | Edited 4:23am
Quoting MaDxPT
{quote} Do u use this system still with sucess? Cheers
Hi MaDxPT,
Yes but with some personal adjustments on which I do not want to extend too much here to preserve its simplicity.

All the best.
I used to be indecisive but now I'm not so sure...
  • #12,377
  • Nov 12, 2024 1:00am Nov 12, 2024 1:00am
Quoting Filipo1
Last entry on Gold: {image}
Just closed manually at 2606.90 some 7920 pips profit.
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I used to be indecisive but now I'm not so sure...
  • #12,378
  • Nov 13, 2024 11:21pm Nov 13, 2024 11:21pm
DXY approaching resistance.
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I used to be indecisive but now I'm not so sure...
  • #12,379
  • Nov 13, 2024 11:43pm Nov 13, 2024 11:43pm
Quoting Filipo1
DXY approaching resistance. {image}
Gold approaching major support on 50% Fibonacci retracement.
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I used to be indecisive but now I'm not so sure...
  • #12,380
  • Nov 14, 2024 12:18am Nov 14, 2024 12:18am
Quoting Filipo1
DXY approaching resistance. {image}
What’s next for Bitcoin?
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I used to be indecisive but now I'm not so sure...
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